Using the PowerPoint Lecture Creating Projections, create a new set of projections for Years X E and X +1 E. (an Excel File - Provided as a separate file in this Week 7 Content Folder). Please make sure you put your name in the appropriate box on the worksheet! All historical information remains the same (through Year X-1). Use this new set of assumptions: Revenue growth: 30% Year X 30% Year X + 1 1% improvement in Gross Margin for Year X E (from year X-1). No further change in the Gross Margin for Year X+1. 1% improvement in Selling in Year X E. Same level in Year X+1 E. G&A remains constant on a common size basis. $10,000 increase in R&D in X E. Same R&D level in Year X+1 E. Basic Shares outstanding 3,000,000. A new section of the existing plant is constructed for $300,000. This new construction is depreciated over 30 years using the straight line method. All other depreciation remains the same for the years X E and X+1 E. The plant is financed with a $300,000 10 year bond with a fixed interest payment of 10% annually. The Company, for the first time, grants 500,000 options to various members of management with an exercise price of $1.00. These options are granted on the first day of Year X E. There are no other options, warrants or convertible securities. The average stock price for Year X E and Year X+1 E is projected to be $5.00.